JamesForexSlayer
Sergeant
- Messages
- 219
I see this a lot and can see where people are coming from, however I actually find it is the trading strategies that I find the hardest....rather than the mindset.
Mindset sounds a bit vague and broad concept for me, can you explain what do you and other traders mean when you talk about mindset?mindset is definitely very important and is a big factor in whether we succeed or fail but im not sure skill is quite that lower %
its about the psychology when you take a trade, being confident in what you have done and why you have done it, my worst battle i have with myself is cutting trades to short, soon as i see profit im looking to get out when actually if i trusted my analysis and let it run i would make far better profitsMindset sounds a bit vague and broad concept for me, can you explain what do you and other traders mean when you talk about mindset?
I agree but well, if you trade manually its difficult to remain calm because of every uptick or downtick produce a mix of emotions which can be very destabilizing and lead to trading mistakes.its about the psychology when you take a trade, being confident in what you have done and why you have done it, my worst battle i have with myself is cutting trades to short, soon as i see profit im looking to get out when actually if i trusted my analysis and let it run i would make far better profits
I agree but well, if you trade manually its difficult to remain calm because of every uptick or downtick produce a mix of emotions which can be very destabilizing and lead to trading mistakes.
this is something i am trying to do, set and forget, hopefully will stop me cutting shortI don't watch the charts after placing my trades. I put in my SL and TP and then close the chart...